“Fragmentation of financial services would result in poorer quality, higher priced products for everyone concerned.
The financial services sector should be central to this, he said, citing its “crucial” role in daily life.
This is the foundation of the EU single market for financial services.
Britain’s finance minister Philip Hammond has urged for continued collaboration between the U.K. and European financial services businesses as Brexit talks enter into their second day.
The U.K. is currently the EU’s biggest financial market.